Rising Internet Of Things (IOT) Adoption Transforms Energy Management, Driving Demand For Efficient And Sustainable Practices In The Industry: The Driving Engine Behind Internet Of Things (IoT) In Energy Market Evolution in 2025

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Internet Of Things (IoT) In Energy Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of the internet of things (IoT) in energy has experienced substantial growth. It's projected to expand from a value of $25.97 billion in 2024 to $28.68 billion by 2025, indicating a compound annual growth rate (CAGR) of 10.4%. Factors that contributed to this growth during the historical period include the development of smart grids, the necessity for cost reduction, increasing energy demand, initiatives for grid modernization and concerns related to the environment.

How Will the Internet Of Things (IoT) In Energy Market Size Evolve and Grow by 2029?
The market size of the Internet of Things (IoT) in the energy sector is projected to experience significant expansion in the upcoming years, escalating to $47.41 billion in 2029 with a compound annual growth rate (CAGR) of 13.4%. The increase during the projected period can be linked to aspects such as monitoring assets in real-time, decentralized energy production, the abundance of IoT devices, measures to reduce climate change impacts, and energy management systems. Noteworthy trends during this period encompass adaptive energy management, data analytics in energy consumption, the use of blockchain in energy transactions, the incorporation of renewable energy, and smart buildings facilitated by IoT.

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What Drivers Are Propelling the Growth of Internet Of Things (IoT) In Energy Market Forward?
The rising uptake of energy management is projected to fuel the expansion of the internet of things (IoT) in the energy sector. Energy management involves the conscientious, synchronized, and methodical management of energy procurement, transformation, distribution, and utilization, with due consideration to both environmental and economic aspirations. Real-time consumption data from the energy sector is utilized by IoT-enabled energy management systems to maximize electricity use, seamlessly shift to more economical and resource-efficient systems, and devise effective and sustainable energy consumption strategies based on usage trends. This stimulates an increased demand for IoT solutions in the energy sector. For example, a report from Germany's Federal Statistical Office, a German federal agency for statistics, revealed that as of 2022, 10% (or one in every ten) of German households used smart energy management systems like smart thermostats, electric meters, and lighting to conserve energy. Consequently, the growing adoption of energy management systems is triggering an increased demand for IoT in the energy market.

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Which Emerging Trends Are Transforming the Internet Of Things (IoT) In Energy Market in 2025?
Trend one indicates that product innovation is becoming a significant force in the IoT in energy market. To maintain market relevance, leading companies in IoT in the energy market are keen on creating cutting-edge solutions. For example, ABB Ltd., a technological giant based in Switzerland, rolled out ABB Ability OPTIMAX in November 2022. This novel energy-management system aids in reducing production expenditure by offering real-time insight into energy usage across various processes. Green hydrogen generated through the process of electrolysis, which entails the separation of water into hydrogen and oxygen through the use of renewable electricity, is increasingly viewed as a vital element for a low-carbon future. ABB's OPTIMAX is particularly useful in this regard, as it supports every stage of a hydrogen plant's lifecycle-from simulation during design and engineering stages to real-time visualization and monitoring when the plant is up and running. Moreover, the software identifies carbon dioxide emissions and two-way power flows, thereby supplying operators with specific data that they can use to determine the optimal energy consumption levels to maintain plant functions and curb wastage.

What Are the Key Segments in the Internet Of Things (IoT) In Energy Market?
The internet of things (IoT) in energy market covered in this report is segmented -

1) By Component: Solution, Platforms, Services
2) By Technology: Cellular Network, Satellite Network, Radio Network, Other Technologies
3) By Application: Energy Generation, Energy Consumption, Network Security, Email Security, Database And Cloud Security, Other Applications

Subsegments:
1) By Solution: Smart Metering Solutions, Energy Management Solutions, Predictive Maintenance Solutions, Demand Response Solutions
2) By Platforms: IoT Platforms For Energy Management, Data Analytics Platforms, Cloud-Based Platforms, Connectivity Platforms
3) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services

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Who Are the Key Players Shaping the Internet Of Things (IoT) In Energy Market's Competitive Landscape?
Major companies operating in the internet of things (IoT) in energy market are Cisco Systems Inc., International Business Machines Corporation, Intel Corporation, SAP SE, AGT International, Davra Networks, HCL Technologies Limited, accenture* PLC, Google LLC, Altair Engineering Inc., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., Asea Brown Boveri Ltd., Aclara Technologies LLC, C3.ai Inc., Honeywell International Inc., Vodafone Group PLC, Duke Energy Corporation, Enel S.p.A., Électricité de France, Pacific Gas and Electric Company, National Grid PLC, Southern Company, Carriots SL, Flutura Business Solutions LLC, Maven Systems Private Limited, Wind River Systems Inc.

What Geographic Markets Are Powering Growth in the Internet Of Things (IoT) In Energy Market?
North America was the largest region in the k market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global internet of things (IoT) in energy market during the forecast period. The regions covered in the internet of things (IoT) in energy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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